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During 2 0 2 4 , Sarasota Company borrowed cash from Blossom Company by issuing notes payable as follows: On June 1 , 2 0
During Sarasota Company borrowed cash from Blossom Company by issuing notes payable as follows: On June issued an eighth month, note for $ Interest and principle are payable at maturity. Prepare all necessary journal entries for Sarasota to record the notes. Sarasota has a November fiscal year end and prepares adjusting entries on an annual basis.
During Sarasota Company borrowed cash from Blossom Company by issuing notes payable as follows:
On June issued an eighth month, note for $ Interest and
principle are payable at maturity.
Prepare all necessary journal entries for Sarasota to record the notes.
Sarasota has a November fiscal year end and prepares adjusting entries on an annual basis.
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